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Cherokee County, Texas
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Cherokee County, Texas, saw 1,523 HMDA-reported applications and 645 originations ($140m) in 2024.
That is 35.5 originations per 1,000 households, against 45.0 for Texas and 48.0 nationally.
The county's denial rate was 40.1%, above the state rate of 26.0%. The median rate spread on originated loans was 0.8 percentage points and 27.0% of originations were 1.5 points or more above the average prime offer rate.
10 lenders reached 25 applications in the county; the most active by originations were Austin Bank, Texas National Association (102), 21st Mortgage (50) and Rocket Mortgage (34).
Originations were down 9% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Austin Bank, Texas National Association | 159 | 102 | $24m | 27.0% | — |
| 2 | 21st Mortgage | 310 | 50 | $5.9m | 71.4% | — |
| 3 | Rocket Mortgage | 53 | 34 | $7.8m | 27.1% | — |
| 4 | United Wholesale Mortgage | 46 | 30 | $8.5m | 17.9% | — |
| 5 | Altra Federal Credit Union | 45 | 24 | $4.6m | 28.6% | — |
| 6 | Vanderbilt Mortgage and Finance, Inc | 63 | 22 | $2.4m | 46.7% | — |
| 7 | Texas National Bank of Jacksonville | 43 | 22 | $4.0m | 36.1% | — |
| 8 | Prosperity Bank | 27 | 13 | $1.7m | — | — |
| 9 | Triad Financial Services, Inc. | 72 | 5 | $755k | 61.1% | — |
| 10 | Credit Human Federal Credit Un | 26 | 0 | $0 | 80.0% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 10. Denial rate is denials over decided applications in this county.
Compared with Texas and the nation
| Measure | This county | Texas | United States |
|---|---|---|---|
| Denial rate | 40.1% | 26.0% | 24.3% |
| Median rate spread, pp | 0.8 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 27.0% | 11.8% | 15.6% |
| Average originated loan | $218k | $350k | $329k |
| Originations per 1,000 households | 35.5 | 45.0 | 48.0 |
| Home purchase share of originations | 71.6% | 72.8% | 57.0% |
| FHA-insured share | 11.6% | 19.8% | 13.4% |
| VA-guaranteed share | 8.8% | 10.4% | 7.9% |
Rate spread distribution
Share of 538 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Texas). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 72% (462)Home improvement 7% (43)Refinancing 10% (62)Cash-out refinancing 7% (43)Other purpose 5% (34)
By type
Conventional 78% (504)FHA 12% (75)VA 9% (57)USDA 1% (9)
Trend by year
ApplicationsOriginations
This countyTexas
Questions and answers
Which lenders are most active in Cherokee County, TX?
By 2024 originations: Austin Bank, Texas National Association (102), 21st Mortgage (50), Rocket Mortgage (34), United Wholesale Mortgage (30), Altra Federal Credit Union (24). 10 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Cherokee County?
40.1% of decided applications were denied in 2024, against 26.0% across Texas and 24.3% nationally.
How many mortgages were originated in Cherokee County in 2024?
645 loans totalling $140m, from 1,523 applications; 35.5 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 48073; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.